CTC Contract Wins

RNS Number : 8999W

Gresham Computing PLC

13 November 2014

 

13 November 2014

Gresham Computing plc
("Gresham")
CTC contract wins

Gresham, the leading software and services company that specialises in providing real-time financial transaction control software to the global matching and reconciliation market, is pleased to announce the following CTC contract wins.

·      One of the world's leading clearers of derivatives, cash securities, OTCs and other financial instruments has contracted with Gresham to deploy CTC for real-time matching and reconciliation of exchange traded derivatives and intersystem transactions.  This win adds a further key account to our customer list; and

·      One of the world's leading legal services businesses has contracted to use CTC for the matching and reconciliation of their Oracle record of payment transactions with third party statements from around the world.

In addition, a buy-side financial services house specialising in Investment Management, Securities Lending, Principal and Agency Brokerage services has contracted to use CTC for matching and reconciling broker fees, cash allocation and bank reconciliations.  A non-regulatory RNS-Reach news article was issued on 4 November 2014 concerning this win.

Chris Errington, CEO of Gresham, commented:

"We are delighted that one of the world's leading clearers has selected CTC for real-time matching and reconciliation of exchange traded derivatives and intersystem transactions.  We are also pleased to announce a new CTC contract win in the legal services sector and the further win in the fund management sector.  These wins contribute to our CTC revenue forecasts, primarily for 2015 and beyond, and our growing list of CTC customers provides further evidence that CTC is becoming a leading matching and reconciliation solution in the market."

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For further information please contact:

Gresham Computing plc Chris Errington, CEO Rob Grubb, CFO	[phone]
N+1 Singer Shaun Dobson, Head of Corporate Finance Emily Watts	[phone]

 

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